CFPB Shifts Supervision and Enforcement Priorities; Staff Reduction Stayed by Court
By EsqSocial Corporation 01/05/25
On April 16, the CFPB released an internal memo outlining major shifts in its supervision and enforcement priorities, signaling a retreat from several areas of regulatory activity. The next day, the Bureau issued formal reduction-in-force (RIF) notices to numerous employees, notifying them of termination effective June 16....
By: Sheppard Mullin Richter & Hampton LLP